Apollo Tactical Income Fund Inc. Declares Special Year-End
Distribution of $0.1537 Per Share

December 08, 2015 08:10 PM Eastern Time

NEW YORK--(EON: Enhanced Online News)--(NYSE:AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today
announced the declaration of a special year-end distribution of $0.1537
per common share, payable on the date noted below.

As required under the Investment Company Act of 1940, a notice with the
estimated components of the distribution will be sent to shareholders at
the time of payment if the distribution does not consist solely of net
investment income.

At present, it is estimated that a portion of the Fund’s special
year-end distribution will be paid from capital gains (approximately
9.3%) with the remainder paid from net investment income (approximately
90.7%). These percentages are estimates only and may change before the
distribution notice is sent to shareholders. Neither this announcement
nor the notice should be used to prepare tax returns as the estimates
indicated in the notice may differ from the ultimate federal income tax
characterization of distributions. The amounts and sources of the
distribution provided in this announcement are only estimates and are
not being provided for tax reporting purposes. After the end of the
calendar year, investors will be sent a Form 1099-DIV which will state
for Federal income tax purposes the amount and composition of
distributions with respect to their appropriate tax treatment for the
2015 calendar year.

Forward-Looking Statements

This press release may contain statements that are forward looking, as
that term is defined by the Private Securities Litigation Reform Act of
1995 or by the Securities and Exchange Commission in its rules,
regulations and releases. These statements include, but are not limited
to, discussions related to the Fund’s expectations regarding the
performance of its business, its liquidity and capital resources and the
other non-historical statements in the discussion and analysis. These
forward-looking statements are based on management’s beliefs, as well as
assumptions made by, and information currently available to, management.
When used in this release, the words “believe,” “anticipate,”
“estimate,” “expect,” “intend” and similar expressions are intended to
identify forward-looking statements. Although management believes that
the expectations reflected in these forward-looking statements are
reasonable, it can give no assurance that these expectations will prove
to have been correct. These statements are subject to certain risks,
uncertainties and assumptions, including risks relating to the Fund’s
dependence on certain key personnel, market conditions generally,
changes in the regulatory environment, the variability of Fund revenue,
net income and cash flow, the Fund’s use of leverage and other risks.

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